Binance8

<ul><li>On-chain data had revealed that more than $850 million flowed out of Binance before CFTC filed its lawsuit.</li><li>The hours following the lawsuit saw an additional $240 million withdrawn from Binance.</li><li>On December 13 last year, Binance reportedly processed $3 billion worth of withdrawals.</li></ul>The Commodity Futures Trading Commission’s (CFTC’s) lawsuit against Binance has sent shockwaves throughout the <a href="https://coinedition.com/what-is-a-cryptocurrency-exchange-how-does-it-work/" rel="noopener noreferrer nofollow">crypto exchange</a> and its user base. The aftermath of the civil lawsuit has seen hundreds of millions of dollars taken off the platform. However, recent on-chain data had revealed that a lot more was withdrawn before news of the CFTC’s lawsuit broke.According to data compiled by blockchain analytics firm Nansen, more than $850 million were taken off Binance just a few hours before the federal regulator brought its civil case against the crypto exchange for alleged violation of regulations in the United States.<a href="https://coinedition.com/850-million-withdrawn-from-binance-before-cftcs-lawsuit/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

$850 Million Withdrawn From Binance Before CFTC’s Lawsuit

Coin Edition

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